Mega Company is considering the purchase of a new machine. The invoice price of the machine is $88,000, freight charges are estimated to be $3,080, and installation costs are expected to be $7,700. The annual cost savings are expected to be $22,000 for 10 years. Calculate the cash payback period. (Round answer to 2 decimal places, e.g. 15.25.) Cash payback period eTextbook and Media Save for Later years Attempts: 0 of 3 used Submit